By:  Trev E. Peterson The Legislature passed LB 1195 which included amendments increasing the homestead exemption from $60,000 to $120,000.  The bill was passed without the emergency clause, so the increase in the homestead exemption will be effective on July 18, 2024, which is three months after the Legislature adjourned.  The homestead exemption protects equity [...] The post Nebraska Homestead Increased to $120,000 appeared first on Knudsen Law ..read more

The NE Chamber is joining forces with hr|simple and fellow chamber member Knudsen Law Firm to discuss best practices in creating and updating employee handbooks and provisions that an employee handbook must contain. This webinar is appropriate for businesses of all sizes and will address topics such as: COVID-19 testing and accommodation remote work and [...] The post Chuck Wilbrand to Present for NE Chamber appeared first on Knudsen Law ..read more

On June 21 the president signed the Bankruptcy Threshold Adjustment and Technical Corrections Act.  The Act made two significant changes to the debt levels for small business debtors seeking to file under Subchapter V of Chapter 11 (“Sub V”) and for Chapter 13 wage earner cases.  Sub V allows for a quicker, less expensive and [...] The post Adjustments made to debt limits for Chapter 11 Subchapter V and Chapter 13 cases by Trev E. Peterson appeared first on Knudsen Law ..read more

On February 25, 2022, the Nebraska Legislature passed LB 906, which took effect immediately when Governor Pete Ricketts signed the bill on February 28, 2022. Under LB 906, if an employer subject to Nebraska law requires its employees or applicants to be vaccinated against COVID-19, it must also allow employees to claim a health or [...] The post Employer Vaccination Policy – Employee Exemptions appeared first on Knudsen Law ..read more

The purpose of the CTA is to provide law enforcement with a data base of the beneficial owners of corporations, LLCs, limited partnerships, limited liability partnerships, limited liability organizations and other entities that are created by the filing of a document under the laws of a state or Indian tribe or are formed under foreign [...] The post CORPORATE TRANSPARENCY ACT – PART II WHO HAS TO FILE AND WHEN ARE THE INITIAL FILINGS DUE By: Trev E. Peterson appeared first on Knudsen Law ..read more

This series of blogs in in connection with the Corporate Transparency Act (the “CTA”). In December of 2021 regulations were issued by the Federal Crimes Enforcement Network (“FinCEN”), which is the agency charged with enforcing the CTA. Each year about 2 million LLC’s and corporations are formed under state law. Most states, including Nebraska, do [...] The post CORPORATE TRANSPARENCY ACT BLOG SERIES by Trev E. Peterson appeared first on Knudsen Law ..read more

Nebraska law requires that corporations file biennial occupation tax reports and pay an occupation tax in even numbered years in order to maintain their legal existence. This year, business corporation returns are due. If the return is not filed and the fee paid by March 1, 2020, the corporation will be dissolved on April 15, [...] The post IT IS BIENNIAL REPORT TIME by Trev E. Peterson appeared first on Knudsen Law ..read more

The Knudsen Law Firm will be closed on Friday, December 24th and Friday, December 31st in observance of Christmas and New Year's Day. The post Holiday Hours in December appeared first on Knudsen Law ..read more

Attorney Carly Bahramzad will speak at a SCORE workshop titled, "What's Involved in Starting a Small Business?"  The workshop will be held on Saturday, Dec. 11th, 2021.  There is no fee to attend. Please find additional details and how to register here:  https://www.score.org/event/whats-involved-starting-small-business-1    The post Free Workshop–What’s Involved in Starting a Small Business? appeared first on Knudsen Law ..read more

I'm excited to be speaking on this upcoming event for IPE. Use my promo code FSPI50 to get $50 off the standard tuition for each person you register for this course. Video Webinar LLC Formation for Paralegals Register now for our Video Webinar, LLC Formation for Paralegals, taking place on Thursday, December 16, 2021. ► [...] The post Trev Peterson to Present “LLC Formation for Paralegals” appeared first on Knudsen Law ..read more